Core Viewpoint - The company has approved the use of idle raised funds and self-owned funds for cash management, with a limit of up to 100 million yuan for idle raised funds and 300 million yuan for self-owned funds, ensuring that it does not affect the normal operation of fundraising projects [1] Group 1: Cash Management Details - The subsidiary, Hunan Honggong Intelligent Technology Co., Ltd., has utilized part of the idle raised funds for cash management, specifically investing 47 million yuan and 45 million yuan in structured deposits with China Bank, with expected annualized returns of 2.7491% and 2.7498% respectively [2] - The cash management products are structured deposits with a maximum investment period of 12 months, and the funds can be rolled over within the approved limits and timeframe [1][2] Group 2: Risk Management - The company has implemented strict risk control measures to mitigate potential risks associated with cash management, including timely identification of risk factors and possible audits by professional institutions [3] - The cash management activities are conducted without affecting the company's normal operations or the construction of fundraising projects, ensuring that shareholder interests are not compromised [3] Group 3: Historical Context - In the twelve months prior to this announcement, the company and its subsidiaries had not engaged in cash management using idle raised funds, and the total outstanding balance of such funds, including this instance, is 92 million yuan, which is within the authorized limit set by the board [4]
宏工科技: 关于使用部分闲置募集资金进行现金管理的进展公告